Filings/OPAD/10-Q

Source document

EDGAR
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KPIsSections22
Headline metrics
Revenue — GREEN$157.7M
Gross margin — GREEN8.0%
Net income — GREEN-$19.4M
Net margin — GREEN-12.3%
Operating margin — RED-10.9%
Red flags4 red1 orange
Liquidity5
RED
Negative operating cash flowoperating_cf_burn
The company is burning cash from operations — sustainability depends on financing.
RED
Net margin -12.3%net_margin_sharply_negative
Net income margin below -5% — profitability materially negative vs revenue.
RED
Cash conversion (CFO/Rev) -10.7%cash_conversion_weak
CFO/Revenue below 0 — operating model not generating cash despite revenue.
RED
Cash runway ~2.0 yearscash_runway_low
At current burn rate, cash covers less than 2 years — may require near-term financing.
ORANGE
Accumulated deficit / equity 1410%accumulated_deficit_high
Accumulated deficit exceeds equity book value — balance sheet technically impaired.
Income Statement
Income Statement
MetricValueFlag
Revenue$157.7MGREEN
Revenue (quarter)$77.7MGREEN
Gross Margin8.0%GREEN
Operating Margin-10.9%RED
Net Margin-12.3%GREEN
Net Income-$19.4MGREEN
EPS (diluted)$-4.13GREEN
R&D % Revenue1.2%GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$33.1MGREEN
Broad Liquidity$33.1MGREEN
Current Ratio1.44GREEN
Total Assets$160.3MGREEN
Total Equity$37.3MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF-$16.8MGREEN
Cash Conversion (CFO/Rev)-0.11GREEN
SBC % Revenue1.2%GREEN
Free Cash Flow-$16.9MGREEN

Sections in this filing

Financial Statements (unaudited)

Inline XBRL Document Set for the condensed consolidated financial statements and accompanying notes in Part I, Item 1. Financial Statements of this Quarterly Report on Form 10-Q 104* Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith. ** Furnished herewith. + Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the SEC upon request. Offerpad Solutions Inc. | Second Quarter 2026 Form 10-Q | 46 SIG NATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OFFERPAD SOLUTIONS INC. Date: August 3, 2026 By: /s/ Brian Bair Brian Bair Chief Executive Officer and Chairman of the Board (Principal Executive Officer) Date: August 3, 2026 By: /s/ Peter Knag Peter Knag Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) Offerpad Solutions Inc. | Second Quarter 2026 Form 10-Q | 47